Making Singapore the Leading Clean Energy Hub for the Asia-Pacific

Signifying a major leap towards clean energy availability in Singapore, Sunseap Leasing said it has completed a financing transaction with Goldman Sachs on January 28, 2014 to collaborate funding of more than 30MW in solar leasing projects in the country.

The solar company said that this collaboration with the financial powerhouse will create the funding platform for many more megawatts in the pipeline above the initial target of 30 MW for corporations, businesses and residential projects.

Sunseap Leasing is Singapore’s largest solar leasing company. Sunseap manages the entire process for clients from design, procurement and installation to long term monitoring, and repairs and replacement, if required. Prior to the partnership with Goldman Sachs, Sunseap’s solar leasing offer has already enabled almost 17MW of contracted capacity, which have been deployed or are in the course of being deployed. Current clients include HDB/Town Council, Singapore American School, Raffles Institution, Eagle Services Asia and Pratt & Whitney, ABB, Cambridge Industrial Trust and Jurong Health Services.

According to the company sources, the funding with Goldman Sachs will further enable Sunseap to mass-deploy renewable power in Singapore at an accelerated pace based on its pipeline of projects, in conjunction with the Intermittent Generation Threshold being raised from 350MW to 600MW.